Nasco Shelves Joint Venture with GM

The Egyptian state-owned Nasr Automative Manufacturing Company (Nasco) has decided to shelve the agreement concluded with GM last year (MEES, 23 June 1986) for the assembly of Opel's 1.2-liter Corsa and 1.6-liter Asconia cars in Egypt, a Nasco official told AFP in Cairo on 17 June. Implementation of the project has fallen behind schedule and this has raised questions regarding the fate of the whole scheme. The Nasco official said that the...